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Report Stage Proceedings: 19th October 2006              

971

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Agreed to  840

 

Page  9,  line  24  [Clause  22],  at end insert ‘, or

 

(b)    

by order of a court or other authority having power to alter the company’s

 

articles.’.

 

Mr Secretary Darling

 

Agreed to  841

 

Page  9,  line  24  [Clause  22],  at end insert—

 

‘( )    

Nothing in this section affects any power of a court or other authority to alter a

 

company’s articles.’.

 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  791

 

Page  9,  line  25,  leave out Clause 23.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  378

 

Page  9,  line  31  [Clause  23],  leave out subsection (2).

 


 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  792

 

Page  10,  line  1,  leave out Clause 24.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  379

 

Page  10,  line  7  [Clause  24],  at end insert ‘by unanimous consent less one vote.’.


 
 

Report Stage Proceedings: 19th October 2006              

972

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  380

 

Page  10,  line  7  [Clause  24],  at end insert ‘by a resolution of at least 90 per cent.’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  381

 

Page  10,  line  7  [Clause  24],  at end insert ‘by a scheme of arrangement approved by

 

the court.’.

 


 

Mr Secretary Darling

 

Agreed to  689

 

Page  11,  line  38  [Clause  29],  leave out paragraphs (e) to (k) and insert—

 

‘(e)    

any other resolution or agreement to which this Chapter applies by virtue

 

of any enactment.’.

 


 

Mr Secretary Darling

 

Agreed to  690

 

Page  12,  line  22  [Clause  30],  leave out from ‘made’ to end of line 23.

 

Mr Secretary Darling

 

Agreed to  691

 

Page  12,  line  33,  leave out Clause 31.

 


 

Mr Secretary Darling

 

Agreed to  692

 

Page  13,  line  31  [Clause  33],  leave out ‘a copy of’.

 

Mr Secretary Darling

 

Agreed to  693

 

Page  13,  line  34  [Clause  33],  leave out from ‘company’ to end of line 40 and insert

 

‘to which Chapter 3 applies (resolutions and agreements affecting a company’s


 
 

Report Stage Proceedings: 19th October 2006              

973

 

Companies Bill[ [], continued

 
 

constitution)’.

 


 

Mr Secretary Darling

 

Agreed to  694

 

Page  14,  line  6  [Clause  33],  at end insert—

 

‘( )    

a copy of any court order under section (Court sanction for compromise

 

or arrangement) (order sanctioning compromise or arrangement) or

 

section (Powers of court to facilitate reconstruction or amalgamation)

 

(order facilitating reconstruction or amalgamation);

 

( )    

a copy of any court order under section 963 (protection of members

 

against unfair prejudice: powers of the court) that alters the company’s

 

constitution.’.

 

Mr Secretary Darling

 

Agreed to  695

 

Page  14,  line  11  [Clause  33],  after ‘guarantee,’ insert ‘a copy of’.

 

Mr Secretary Darling

 

Agreed to  696

 

Page  14,  line  28  [Clause  34],  leave out ‘, when registered,’.

 

Mr Secretary Darling

 

Agreed to  697

 

Page  14,  line  29  [Clause  34],  leave out ‘, signed and sealed’.

 


 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  4

 

Page  15,  line  23  [Clause  36],  at end insert ‘or such longer time as the court allows’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  3

 

Page  15  [Clause  36],  leave out lines 26 to 30 and insert—

 

‘(b)    

if the order—

 

(i)    

amends the company’s articles, or

 

(ii)    

amends a resolution or agreement to which Chapter 3 applies

 

(resolutions and agreements affecting the company’s

 

constitution), or


 
 

Report Stage Proceedings: 19th October 2006              

974

 

Companies Bill[ [], continued

 
 

(iii)    

gives leave for the company to make any, or any specified,

 

alteration in its articles,’.

 

Mr Secretary Darling

 

Agreed to  698

 

Page  15,  line  39  [Clause  36],  at end insert—

 

‘( )    

This section does not apply where provision is made by another enactment for the

 

delivery to the registrar of a copy of the order in question.’.

 


 

Mr Secretary Darling

 

Agreed to  158

 

Page  40,  line  7  [Clause  91],  leave out sub-paragraphs (i) to (iii) and insert—

 

‘(i)    

is made under section 640 (reduction in connection with

 

redenomination of share capital),

 

(ii)    

is supported by a solvency statement in accordance with section

 

657, or

 

(iii)    

has been confirmed by an order of the court under section 662,

 

and’.

 

Mr Secretary Darling

 

Agreed to  804

 

Page  40,  line  15  [Clause  91],  leave out subsection (6).

 


 

Mr Secretary Darling

 

Agreed to  784

 

Page  41,  line  4  [Clause  92],  leave out from ‘the’ to end of line 5 and insert ‘same

 

meaning as in section 834 (net asset restriction on distributions by public companies).’.

 

Mr Secretary Darling

 

Agreed to  159

 

Page  41,  line  16  [Clause  93],  leave out paragraph (a) and insert—

 

‘(a)    

the requirements of section 607(1)(a) and (b) have been complied with

 

(independent valuation of non-cash consideration; valuer’s report to

 

company not more than six months before allotment), or’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  5

 

Page  41,  line  17  [Clause  93],  leave out ‘108 of the Companies Act 1985’ and insert


 
 

Report Stage Proceedings: 19th October 2006              

975

 

Companies Bill[ [], continued

 
 

‘610’.

 


 

Mr Secretary Darling

 

Agreed to  160

 

Page  42,  line  16  [Clause  93],  leave out sub-paragraph (i) and insert—

 

‘(i)    

Part 27 of this Act (arrangements and reconstructions), or’.

 

Mr Secretary Darling

 

Agreed to  767

 

Page  42,  line  25  [Clause  94],  at beginning insert ‘in the case of a company without

 

a secretary,’.

 

Mr Secretary Darling

 

Agreed to  768

 

Page  42,  line  43  [Clause  95],  leave out ‘(or continue to be)’.

 


 

Mr Secretary Darling

 

Agreed to  769

 

Page  43,  line  19  [Clause  96],  leave out from beginning to ‘as’ in line 20 and

 

insert—

 

‘(c)    

where the application contained a statement under section 95 (statement

 

of proposed secretary), the person or persons named in the statement’.

 


 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  6

 

Page  66,  line  5  [Clause  146],  after ‘A’, insert ‘first named’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  7

 

Page  66,  line  5  [Clause  146],  at end insert ‘or persons’.


 
 

Report Stage Proceedings: 19th October 2006              

976

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  8

 

Page  66,  line  6  [Clause  146],  after ‘nominate’, insert ‘in accordance with section

 

1109’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  9

 

Page  66,  line  6  [Clause  146],  after ‘person’, insert ‘or those persons’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not selected  351

 

Page  66,  line  9  [Clause  146],  leave out ‘class’ and insert ‘category’.

 

Mr Secretary Darling

 

Agreed to  339

 

Page  66,  line  15  [Clause  146],  at end insert—

 

‘( )    

The reference in subsection (3)(a) to communications that a company sends to its

 

members generally includes the company’s annual accounts and reports.

 

    

For the application of section 432 (option to provide summary financial

 

statement) in relation to a person nominated to enjoy information rights, see

 

subsection (4A) of that section.’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  10

 

Page  66,  line  26  [Clause  147],  after ‘address’, insert ‘within the United Kingdom’.

 

Mr Secretary Darling

 

Agreed to  553

 

Page  66,  line  34  [Clause  147],  leave out from ‘Schedule’ to first ‘company’ in line

 

35 and insert ‘5 (communications by’.’.


 
 

Report Stage Proceedings: 19th October 2006              

977

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  11

 

Page  66  [Clause  147],  leave out line 40 and insert—

 

‘(6)    

The agreement referred to in subsection (5)—’.

 


 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  12

 

Page  67,  line  4  [Clause  148],  after third ‘the’, insert ‘first named’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  13

 

Page  67,  line  5  [Clause  148],  at end insert ‘in accordance with section 1109’.

 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  15

 

Page  67,  line  6  [Clause  148],  leave out ‘of’ and insert ‘to’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  352

 

Page  67,  line  11  [Clause  148],  at end insert ‘; or

 

(c)    

upon the nominated person ceasing to have a beneficial interest in the

 

shares in question.’.

 


 


 
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